Charitable Gifts Through Your IRA
If you are 70 ½ or older, you can use your IRA to receive tax relief on giving to charities such as Friends of PBS Wisconsin. You can do so with a qualified charitable distribution (QCD) from your IRA.
The funds are directly transferred from your IRA to the Friends of PBS Wisconsin and are put to use right away. A QCD generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
Benefits of an IRA Qualified Charitable Distribution
- Avoid taxes on transfers of up to $100,000 from your IRA to our organization
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of our organization
How to make an IRA Qualified Charitable Distribution gift to benefit PBS Wisconsin
- Contact your IRA plan administrator and request that a Qualified Charitable Distribution (QCD) be transferred directly to Friends of PBS Wisconsin, Inc.
- Your IRA funds of cash or stock in any amount (up to $100,000) will be directly transferred to our organization to help continue our important work.
- Please note that IRA Qualified Charitable Distribution gifts do not qualify for a charitable deduction.
- Please contact us if you wish for your gift to be used for a specific purpose.
If you are gifting cash, direct your plan administrator to make your gift to:
Friends of PBS Wisconsin, Inc.
821 University Avenue
Madison, WI 53706
Federal Tax ID: 23-7300462
If you are gifting stock, direct your plan administrator to transfer your stock to our account at:
Robert W. Baird & Co.
c/o: Megan Mitby
8000 Excelsior Dr., Suite 302
Madison, WI 53717-1914
Telephone: (608) 830-3524 | (800) 888-4792
Fax: (608) 830-3550
DTC number: 0547
Account name: Friends of PBS Wisconsin
Account number: 34-89-7527
When you make an IRA gift, please email or call us to let us know. We’ll need your name, address, and phone number so we can properly credit you when your gift arrives.
If you have any questions about an IRA Qualified Charitable Distribution gift, please contact us. We would be happy to assist you and answer any questions you might have.